Bullish Scenario: NEAR broke the bearish downtrend line on the lower time frame like 4hour(4H) and is trading above the support zone of $14. If it stays above this zone and the resistance level at $17.95 is broken then we could start seeing a move towards $20.60, $23.80 and above.
Bearish Scenario: NEAR has been in an uptrend channel since the last few weeks but we can’t ignore the bearish scenarios altogether. So failure to hold the support at $11.50 and breaking below $9.60 could lead to a drop towards $7.60 and below.
Bearish Scenario: NEAR has been in an uptrend channel since the last few weeks but we can’t ignore the bearish scenarios altogether. So failure to hold the support at $11.50 and breaking below $9.60 could lead to a drop towards $7.60 and below.